NEW YORK, NY / ACCESSWIRE / August 11, 2017 / 3-D printing stocks Stratasys and 3D Systems Corporation saw losses on Thursday despite no significant news. Traders look still discouraged by the companies after they reported dismal second quarter results earlier this month.

RDI Initiates Coverage on:

Stratasys Ltd.
https://ub.rdinvesting.com/news/?ticker=SSYS

3D Systems Corporation
https://ub.rdinvesting.com/news/?ticker=DDD

Stratasys Ltd.'s shares fell into the red on Thursday despite posting decent results for the second quarter. Both top and bottom lines beat the Street's estimates. Adjusted earnings per share were 8 cents, beating the 7 cents that analysts had expected. Revenue at $170 million was also ahead of the $167 million that analysts had waited for. It was, however, a 1.2% decline from the year ago quarter and the company cited the fall in product revenues. Looking ahead the global leader in 3D printing and additive solutions, materials, and services, reiterated prior fiscal year guidance. The company expects revenue in the range of $645 million to $680 million and adjusted EPS in the range of $0.19 to $0.37. Wall Street was calling for EPS of $0.28 and revenues of $668.87 million. CEO Ilan Levin remarked, "We continue to allocate resources towards deepening customer engagement within our key vertical markets, and we are pleased with our progress in developing higher quality revenue opportunities. ... We have made significant progress in developing solutions that target high-value applications within our targeted markets, and we continue to focus on aligning our resources around this long term strategy. We believe this strategy will allow us to help grow the adoption of our products and services over time." The stock has been up 34% YTD.

Access RDI's Stratasys Ltd. Research Report at:
https://ub.rdinvesting.com/news/?ticker=SSYS

3D Systems Corporation's shares closed down 1.79% yesterday and came just three cents shy of hitting its 52-week low. Last week the 3-D company reported its second quarter results that fell below analysts' expectations. Shares fell as much as 9.4% in after-hours trading last Wednesday when the company reported a quarterly loss of $8.4 million, or 8 cents a share. This was higher than the $4.6 million, or 4 cent loss reported in the year ago quarter. Adjusted earnings at 8 cents a share and revenue of 159.5 million were both behind Wall Street's expectations of 12 cents a share on revenue of $162.5 million. The company's outlook for the year was also "approximately flat" on adjusted revenue of $643 million to $671 million. Wall Street had expected revenue of $661.6 million. Shares last Friday, however, were slightly on the rise when a JPMorgan analyst had upgraded the stock from "underweight" to "neutral." According to JPMorgan, the stock will outperform other industry players and has a price target of $13 on the stock.

Access RDI's 3D Systems Corporation Research Report at:
https://ub.rdinvesting.com/news/?ticker=DDD

Our Actionable Research on Stratasys Ltd. (NASDAQ: SSYS) and 3D Systems Corporation (NYSE: DDD) can be downloaded free of charge at Research Driven Investing.

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SOURCE: RDInvesting.com